Concerns Arise Over Euler Protocol Following xUSD Depeg

According to PANews, the recent depegging of xUSD has raised concerns about the Euler crypto lending protocol. There are suspicions that the price data from the protocol's oracle may not have been updated promptly, potentially leading to bad debt. Reports indicate that the utilization rate of USDT vaults briefly reached 100%, with the annual percentage yield (APY) soaring to 65%.